Monday April 11, 2022. All cryptos are red and the panic from amateur investors is everywhere, they are ready to jump ship.
The Greed and Fear Index is pointing to 32 with fear. Yesterday was no different, but better than last month. This is the long crypto holders favourite time to buy, they call this the dip. Many of them accumulate and sell high, or the rumour.
The top 40 coins are all on the red side according to CoinMarketCap.com. Nothing to see here, the crypto markets can overreact to unexpected news, it is expected for a new market. Crypto prices fluctuate do to risk, security and the buyers are mostly first-time investors. They don’t seem to understand volatility in the market, is understandable because we don’t understand charts or fundamentals. The new investor is more concerned about its return than risk management.
April is usually a great month for crypto, historically. This month is painful to watch, and we are already looking forward next month already. I’m not a financial advisor, but I like to stay calm and weather the storm. The good news will come, we still got the XRP Vs SEC trial, Dogecoin and Twitter, another possible country accepting Bitcoin as legal tender, Ethereum 2.0 and Apple doing something with crypto. All rumours, but hope is great.
The markets are always up and down like a rollercoaster. The key is to have a great project you believe in and stay and support but is always good to have a strategy to exiting.
The media and the old dinosaur hedge fund managers have been calling for the end of crypto since Bitcoin became mainstream, will see. Seen red in the markets doesn’t mean is the end of something, just an opportunity or a learning lesson. These prophets only come out when things look bad and hide under a rock when life is good. Take everything with a grain of salt and get educated on crypto.
